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Dec 31, 2012 4:00am PST
healthcare laws, when they change the banking laws. in our fund investors don't have to worry about the rules being changed for an industry because we're trying to sidestep that. > > how do you plan to utilize this so-called "fiscal cliff" and possibly make money with your fund? > > the goal of the fund is to allow people to get most of the return of the s&p while taking half the risk, and right now we have a quarter of the correlation with the market. so, this is an ideal time to invest in the fund. when congress comes back into its lame-duck session, we will be flat when they are in session. but there's a lot of risk in this lame-duck session. the fiscal cliff is not resolved, i don't think it's going to be resolved during the lame-duck session. asia seems to have economic slowing problems, and maybe a little saber rattling - the same for the mideast. it's really kind of a dangerous time in the market, and this is a fund that is unusually low- volatility, low beta fund, so it's a place where you can get some relative safety. > > eric singer. thanks for joining us today. > > thank
Jan 2, 2013 4:00am PST
retailers like wal-mart should ensure warehouses comply with u.s. labor laws. wal-mart says it plans to audit u.s. warehouses like it does in its factories abroad. the retailer has been under heightened scruntiny following a fire in a bangladeshi factory that killed 112 workers in november. the banks are back. 2012 was the most profitable year for the u.s. banking industry since 2006. in the 3rd quarter alone of last year, financial firms earned $37.6 billion in comparison to the $32 billion lost in that same quarter in 2008. other signs of strength from the banking sector: bank lending edged up 3.2% during 2012; also in 2009, 140 banks collapsed. the number dwindled down to 51 last year. improvements in job growth and the economy are giving banks the boost. but there is more to that story - bad behavior cost banks big money in 2012. banks paid $10.7 billion in fines last year - the highest number on record. illegal mortage activity accounted for nearly half of those fines. most of the money ended up with the u.s. treasury. the rest was given to homeowners who were victims of illegal mo
Search Results 0 to 1 of about 2